A bipartisan tax reform bill from Senators Ron Wyden (D-OR) and Dan Coats (R-IN) proposed exempting 35 percent of capital gains and dividends from taxation and taxing the remaining amount at ordinary rates of up to 35 percent, resulting in an effective tax rate of 26.55 percent with the ACA surtax.

Authors

• Person: Not available Organization: Center for American Progress
  How the Government Subsidizes Wealth Inequality

Sources

• How the Government Subsidizes Wealth Inequality www.americanprogress.org Center for American Progress via serper

Referenced by nodes (2)

• capital gains concept
• Ron Wyden entity